Section 347.209 - Creditor's Duty If Insurance Is Canceled, Adjusted, or Terminated(a) If insurance for which a charge is included in a credit transaction is canceled, adjusted, or terminated, the creditor shall:(1) credit to the final maturing installments of the credit transaction the amount of the refund received by the creditor for unearned insurance premiums; and(2) if the amount to be credited under Subdivision (1) is more than the unpaid balance of the credit transaction, refund to the consumer the difference between those amounts.(b) A cash refund is not required under this section if the amount of the refund is less than $1. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.